National High Commission for Investment Appeals Installation: Presidential Oversight on Investment Vigilance

BY: Dr. Hana Saada

ALGIERS- The encouragement of investment and the continuous improvement of the business climate in Algeria remain a major concern of the country’s highest authority. As evidence of this commitment, investor appeals are now being handled at the highest level.

The National High Commission for Investment Appeals, chaired by the Director of Cabinet at the Presidency of the Republic, Boualem Boualem, was installed by the President of the Republic, Mr. Abdelmadjid Tebboune. This is a high-level body tasked with adjudicating appeals filed by investors who may encounter difficulties or obstacles in their projects or investments. In fact, the President of the Republic emphasized on this occasion “the particular interest he attaches to this vital domain.”

This high commission, provided for by the provisions of Law 22-18 of July 24, 2022, concerning investment, represents the highest authority responsible for ruling on appeals lodged by investors who feel aggrieved under the application of the provisions contained in the same investment law. It is composed of seven members appointed by presidential decree for a term of three years, renewable once. However, the commission may call upon any person whose particular expertise is likely to enlighten its members.

Biannual Investment Reports Submitted to the President

According to the presidential decree governing the operations of this high body, the commission is required to submit to the President of the Republic a biannual report on its activities, focusing on recurring problems faced by investments and concerns related to the business climate, along with recommendations to address them. Thus, an investor submits an appeal to the commission for any investment-related dispute, particularly in cases of withdrawal or refusal to grant benefits, or refusal to issue decisions, documents, and authorizations by the relevant authorities and organizations. In any of these cases, the investor must, subject to the inadmissibility of the appeal, submit a prior complaint to the Algerian investment promotion agency, directly or via the investor’s digital platform, accompanied by all documents and supporting evidence, within one month from the date of notification of the contested decision. The commission shall render its decision within a maximum period of one month, and the decision shall be notified to the parties concerned within a period not exceeding eight days and shall be enforceable.

Listening to Investors’ Concerns

This high body, thus, complements the measures taken by the highest authorities of the state to provide a fertile ground for investors seeking opportunities in the context of dynamic growth in a booming economy. The significant and ever-expanding number of investment projects at the national investment promotion agency, and the hundreds of projects unlocked to date, demonstrate the increasing attractiveness of the business climate, particularly since the promulgation of the new investment code.

In addition to the array of measures implemented by the highest authorities of the country to attract national and foreign capital and maintain the focus on investment encouragement, the state has also focused on ensuring prompt addressing of the needs expressed by investors and overcoming obstacles and difficulties through close monitoring of investment projects. This includes firsthand assessment of project progress, actual completion rates, gathering feedback and identifying the nature of difficulties that may impede project advancement. This approach ensures ongoing responsiveness to investor concerns, thereby fostering mutual trust and efficient support in multiple ways.

Satisfaction from Business Organizations

Following the installation of this high commission, business organizations have emphasized that this body reinforces the legal framework and mechanisms in place to improve the business climate and encourage investment in Algeria, considering this decision as “the President’s commitment to provide additional guarantees to investors and assure them of his personal oversight in this domain.” In this context, the Vice President of the Algerian Economic Renewal Council (CREA), Abdelouahed Kerrar, noted that through this high commission, investors now have another recourse avenue in case of a possible negative response to their file, knowing that this important commission falls under the supervision of the Presidency of the Republic.

Meanwhile, the President of the Algerian Confederation of Citizen Employers (CAPC), Rahmoune Zergoune, believed that “the high commission will encourage investment and reassure national and foreign operators,” emphasizing the positive impact this high commission will have on the business climate in Algeria, while also welcoming the appointment of the Director of Cabinet of the Presidency of the Republic to lead this commission.

Similarly, the President of the National Union of Public Entrepreneurs (Unep), Charfeddine Amara, stated that the installation of the National High Commission for Investment Appeals confirms the President’s commitment and trust in investors, aiming to provide them with necessary protection, while recalling the President’s commitment to combating bureaucracy, improving the investment climate, and ensuring maximum guarantees for investors in all his interventions.

Translated from: 

https://lalgerieaujourdhui.dz/installation-de-la-haute-commission-des-recours-veille-presidentielle-sur-linvestissement/

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